Tarzia, Francesco & Anor v National Australia Bank & Anor [1995] FCA 907

CATCHWORDS EQUITY - mortgage and guarantee - special disability of guarantor - improper influence - unconscionability - duty to inform guarantor - extent of duty of disclosure - duty of bank to assess viability of principal security - guarantee actually taken as primary security SOLICITORS - duty of solicitor to advise guarantor Yerkey v Jones [1939] 63 CLR 649 Wilton v Farnworth [1948] 76 CLR 646 Blomley v Ryan [1956] 99 CLR 362 Goodwin v National Bank of Australasia Ltd [1968] 117 CLR 173 Commercial Bank of Australia Ltd v Amadio & Anor [1983] 151 CLR 447 Louth v Diprose [1992] 175 CLR 621 Beneficial Finance Corporation Ltd v Karavas and ors [1991] 23 NSWLR 256 Union Bank of Australia Ltd v Puddy [1949] VLR 242 McNamara v Commonwealth Trading Bank of Australia [1984-5] 37 SASR 232 Hogan & Anor v Howard Finance Limited & Anor [1987] ASC 55-594 O'Brien & Anor v Hooker Homes Pty Ltd & Ors [1993] ASC 56-217 FRANCESCO TARZIA & ANOR v NATIONAL AUSTRALIA BANK & ANOR No. G 85 of 1994 EINFELD, OLNEY & von DOUSSA JJ MELBOURNE (heard in Canberra) 12 OCTOBER 1995

IN THE FEDERAL COURT OF AUSTRALIA ) AUSTRALIAN CAPITAL TERRITORY ) No. G 85 of 1994 DISTRICT REGISTRY ) GENERAL DIVISION ) Between: FRANCESCO TARZIA First appellant MARIA ROSA TARZIA Second appellant And: NATIONAL AUSTRALIA BANK LIMITED First respondent RODNEY JOHN BARNETT Second respondent ON APPEAL FROM THE HONOURABLE JUSTICE GALLOP A JUDGE OF THE SUPREME COURT OF THE AUSTRALIAN CAPITAL TERRITORY MINUTE OF ORDERS 1. Appeal dismissed with costs. Note: Settlement and entry of orders are dealt with in accordance with Order 36 of the Federal Court Rules. EINFELD, OLNEY & von DOUSSA JJ MELBOURNE (heard in Canberra) 12 OCTOBER 1995